BUSINESSSCMP CHINA
China’s Kling AI nears US$3 billion round at US$18 billion valuation: sources
Kling AI, backed by Kuaishou, is nearing a US$3 billion fundraising round valuing the company at US$18 billion post-investment. The valuation was reduced from an initial US$20 billion target set in April when Kuaishou planned to spin off Kling AI, reflecting market shifts in China’s AI video generation sector.
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